Disbursement

When is financial aid disbursed?

Financial Aid is disbursed in two equal payments during the year: 50% at the start of the year and 50% at the midpoint. Assessments for tuition and fees will be billed to coincide with financial aid disbursement dates.

These are the earliest dates that funds will be disbursed. Funds will be posted to your student account after financial aid eligibility is confirmed and registration is finalized.

Disbursement dates

If you enroll in a later starting course, funds will not disburse until at least 10 days prior to the start of class. If you are not enrolled for the entire aid period, your cost of attendance, awards and disbursement dates may be adjusted.

Year in program

Course

begin date

Course end date

Estimated 1st

disbursement date

Estimated 2nd

disbursement date

2018-19 M1

July 16, 2018

March 15, 2019

July 10, 2018

November 13, 2018

2018-19 M2

July 9, 2018

May 24, 2019

June 29, 2018

December 11, 2018

2018-19 M3

July 2, 2018

May 31, 2019

June 26, 2018

December 11, 2018

2018-19 M4

June 1, 2018

May 31, 2019

May 29, 2018

December 4, 2018

First disbursements occur by the first week of school. Late financial aid filers will receive their aid approximately two weeks after they have:

Submitted all requested documents or requests for additional information

How financial aid is disbursed

Complete separate loan requirements for each type of loan borrowed. You can view requirements at Academica.

Loans that you do not "ACCEPT" will remain in an "OFFERED" status and will not be disbursed.

See the Records and Registration webpage for payment options for any remaining account balance.

If your financial aid disbursement exceeds your student account charges (tuition and fees), a financial aid refund will be generated to you. The refund can be used to pay other expenses related to your education.

Federal Title IV authorization form

To authorize payment of other university charges You must give authorization to the University to pay other charges if it is not one of the following: tuition, registration fee, student service fee, student support fee, fitness center fee, and/or contracted University room and board. Complete the Title IV Release Form online.

Refunds of excess aid

Financial aid will be credited to your student tuition account and applied to tuition, fees, and any residential housing charges. Students whose financial aid exceeds the tuition, fees and institutional charges on their WSU student account will receive the excess funds as a refund to pay other educational expenses.

When financial aid is disbursed

Financial aid is disbursed in two equal payments during the year—half at the start of the year and half at the mid-point. The Office of Records and Registration Office assesses tuition and fees to coincide with financial aid disbursement dates.

How you will receive your refund

Wayne State University can issue your refund in one of two ways: (1) direct deposit into an existing U.S. checking or savings account or (2) paper check mailed to the address most recently placed on file with WSU. Please note: Refund checks are not available for pickup.

A paper check refund will be generated only if you have an address on file with WSU. You must keep your address current via Academica. Paper checks are mailed on the first day of the semester and bi-weekly thereafter.

View your student tuition account in Academica to determine if a refund has been generated. Select the code "Student A/R Refund," which is displayed beneath "Statement and Payment History." When funds are disbursed to your student account, a negative balance will appear. The negative sign next to the balance indicates a credit on your account in the amount to be refunded to you.

Wayne State University student refunds are no longer be processed through Higher One. If you currently have a checking account serviced by Higher One, you can continue to utilize it by enrolling in direct deposit through WSU and providing the Higher One routing and bank account information. Access your Higher One information at myonemoney.com.